The Italian Group represents excellence that is now deeply rooted all over the world: one of the biggest contract manufacturers of cosmetics
According to voices, reported by the Italian financial daily paper Il Sole 24 Ore, Ubs, Bnp Paribas, Morgan Stanley and Jefferies would be the banks appointed by INTERCOS to become global coordinators for the initial public offering (IPO). This new Public share issuance will allow the company to raise capital from public investors up to an estimated amount of 1.5 billion euro (BeBeez reports).
Intercos Group is one of the biggest suppliers in the cosmetics industry and one of the most important players in the research, development, and production of beauty products in the world.
Intercos Group remains a unique Italian company that for over 40 years has produced color cosmetics, pencils, nail polish, skincare and personal care products. Intercos manufactures cosmetic offering absolute high quality standards and state of the art technology. The companies boast a global presence and local approach through 15 Commercial offices and 11 research facilities in 15 countries. Season after season, Intercos interprets beauty, creating lines of products for brands in every corner of the globe.
Intercos, together with their subsidiary Cosmint, acquired in 2017, have concluded the first semester of 2019 with a turnover of 346.9 billion euro and an EBITDA (Earnings Before Interests Taxes Depreciation and Amortization) equal to 46.3 million euro. These numbers ensure that analysts will be able to foresee, by the end of 2019, significant growth that will exceed the 2018 turnover (691.6 million Euro).
In recent years Intercos Group has been growing steadily: an important landmark was reached in 2017, when the biggest Canadian pension fund “Ontario Teachers’ Pension Plan Board” bought 20.588% of the total capital from the Founder Dario Ferrari and the Fund L Catterton.
And now, with the offer of shares to the public, a new chapter of Intercos History guarantees bright prospects for the future.
